DSP Blackrock underweight on auto sector

Anup Maheshwari, Executive Vice President & Head of Equities, DSP Blackrock Investment Managers is underweight on the auto sector.

Maheshwari told CNBC-TV18, "We are at this point underweight on auto sector. We have few auto ancillary positions that we are quite comfortably holding from a long-term perspective and even within the auto space you cannot apply the same brush to every single stock, so we have one-two names there but by and large as a sector weight we are a bit underweight right now."